Aerospace 3D Printing Market by Printing Technology (Selective Laser Sintering (SLS), Selective Laser Melting (SLM), Binder Jetting, Fused Deposition Modeling (FDM), Stereolithography (SLA), and Others), Platform (Aircraft, Unmanned Aerial Vehicle (UAV), and Spacecraft), Application (Production and Pre-production & Post-production), Delivery (Product and Service) and Offering (Hardware (Printer and Material (Metal & Ceramics (Titanium, Aluminum, Steel, and Others), Thermoplastics (Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Nylon/Polyamide, Fiber, and Others))), and Software): Global Opportunity Analysis and Industry Forecast, 2021-2030
3D printing, also referred to as additive manufacturing, is a process of creating a layer-by-layer three-dimensional object using computer-aided design (CAD) models. Unlike conventional manufacturing techniques, the 3D printing process generates less waste and higher accuracy components. The 3D printing technology was primarily used for rapid prototyping and concept generation, but with advancements in material technology, the process has proliferated its scope of operations to manufacturing complex components. The design freedom gained by engineers to print a complex component in one piece with the possibility to replace several small joints and machined parts has generated unprecedented business opportunities within the aerospace vertical. The ability to print parts in small volumes as and when needed without incurring any additional capital expense due to lower volume notably impacts the supply chain dynamics of the market. Operations such as replacing a small damaged or outdated component while keeping the system intact will soon become a common practice in coming years.
The report incorporates the study of the global aerospace 3D printing market that focuses on its scope of application of additive manufacturing technologies in aerospace industry. Primary applications includes part manufacturing of complex structure, design optimization, and rapid prototyping. The technology has attracted several maintenance, repair, and overhaul (MRO) and aftermarket players where there is demand for customized components with smaller production cycles.
The growth of the aerospace 3D printing market is driven by factors such as increase in demand for lightweight & durable components in the aerospace industry, simplification of complex designs, ease of prototyping, and rapid customization among others. However, high initial investment and unstable regulatory framework are key factors limiting the business opportunities. These challenges are expected to dilute by 2025. Thus, industry stakeholders are engaged in developing new operational strategies to counter costing challenges. Cloud production and shared production space are expected to emerge as an additive manufacturing trend within the forecast timeframe. The design methodologies of engineers are expected to shift from Design from Additive Manufacturing (DFAM) to embracing design freedom and producing highly complex single-piece components, supporting the business trend.
The global aerospace 3D printing market is segmented into printing technology, platform, application, delivery, offering, ad region. By printing technology, the market is segregated into selective laser sintering (SLS), selective laser melting (SLM), binder jetting, fused deposition modeling (FDM), stereolithography (SLA), and others. On the basis of platform, it is segregated into aircraft, unmanned aerial vehicles (UAV), and spacecraft. As per application, it is fragmented into production and pre-production & post-production. By delivery, it is bifurcated into products and services. Depending on offering, it is divided into hardware and software. The hardware is further segmented into printer and material. The material is then classified into metals & ceramics, and thermoplastics. The metals & ceramics segment is subcategorized into titanium, aluminum, steel, and others, whereas the thermoplastics segment is subsegmented into polycarbonate (PC), acrylonitrile butadiene styrene (ABS), nylon/polyamide, fiber, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in this market are Markforged, Liebherr, Stratasys Ltd., Materialise NV, EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Exone, Norsk Titanium, Renishaw PLC, TrumpF, SLM Solutions, Envisiontec, Inc., Prodways, and Hoganas AB.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global aerospace 3D printing market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall aerospace 3D printing market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global aerospace 3D printing market with a detailed impact analysis.
The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Printing Technology
Selective Laser Sintering (SLS)
Selective Laser Melting (SLM)
Binder jetting
Fused Deposition Modelling (FDM)
Stereolithography (SLA)
Others
By Platform
Aircraft
Unmanned Aerial Vehicle (UAV)
Spacecraft
By Application
Production
Pre-production & Post-production
By Delivery
Product
Service
By Offering
Hardware
Printer
Material
Metal & Ceramics
Titanium
Aluminum
Steel
Others
Thermoplastics
Polycarbonate (PC)
Acrylonitrile Butadiene Styrene (ABS)
Nylon/Polyamide
Fiber
Others
Software
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
Stratasys Ltd
3D systems Inc.
Envision, Inc.
EOS GmbH
Materialise NV
Markforged
ExOne
Norsk Titanium
Reinshaw PLC
General Electric
TrumpF
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